Prime Minister Pham Minh Chinh has expressed his hope that Samsung Vietnam, a subsidiary of South Korean conglomerate Samsung Electronics, will soon have Vietnamese representation in its leadership team.

PM Chinh made the statement during a meeting in Hanoi on Wednesday with outgoing Samsung Vietnam general director Choi Joo Ho and his successor, Na Ki Hong.

Commending Choi for his dedication and effective management during his two terms in Vietnam, the PM acknowledged his efforts in overcoming challenges, including the COVID-19 pandemic, to ensure stable production and contribute to Vietnam’s socio-economic development. 

He also praised Choi’s role in fostering Vietnam-South Korea relations and expressed hope that Choi would continue to support Samsung Vietnam and the broader partnership between the two nations.

Congratulating Na on his new position, PM Chinh encouraged him to effectively implement investment strategies and align Samsung’s development with Vietnam’s economic trajectory for mutual growth and success.

PM Chinh reaffirmed his expectation that during his next visit to Samsung Vietnam’s headquarters, he would see Vietnamese professionals in the company’s leadership – a sentiment he previously expressed in July 2024 during a meeting with Samsung Electronics chairman Lee Jae Yong in Seoul.

The prime minister also voiced confidence that Samsung Vietnam would achieve better production and business results in 2025 than in 2024.

Within the framework of the Vietnam-South Korea comprehensive strategic partnership, he reiterated the Vietnamese government’s commitment to supporting Samsung’s sustainable and successful investment in the country. 

The Vietnamese government leader called on Samsung to help Vietnamese enterprises enhance their capabilities and participate more effectively in Samsung’s global production and supply chain.

He also urged greater cooperation with Vietnamese digital technology firms to integrate them into Samsung’s ecosystem.

The PM reassured that Vietnam would continue improving its investment environment, advancing strategic economic initiatives, and striving for an annual growth rate of at least eight percent in 2025, with the long-term goal of achieving double-digit growth.

He expressed his belief that Samsung’s expansion would parallel Vietnam’s economic progress.

During the meeting, Choi and Na highlighted Samsung’s position as the largest foreign direct investor in Vietnam, with a total registered investment capital of US$23.2 billion.

In 2024, Samsung Vietnam reported revenue of $62.5 billion, including $54.4 billion in exports.

Since 2014, the company has collaborated with 306 Vietnamese suppliers and initiated various projects to support local manufacturers in enterprise enhancement, smart factory development, and specialist training.

Choi and Na expressed their gratitude to the Vietnamese government for facilitating Samsung’s investment and operations.

They also unveiled plans to expand into emerging fields such as artificial intelligence, semiconductors, and digital transformation, reinforcing Samsung’s commitment to advancing technology in Vietnam.

Acknowledging the recent global economic challenges that have affected Samsung’s operations, Choi reaffirmed the company’s ambitious goal of achieving 10 percent growth in 2025 compared to 2024.

To reach this target, Samsung’s leadership and employees are committed to making their utmost efforts, especially as 2025 marks the 30th anniversary of Samsung’s presence in Vietnam.

Over the years, Samsung has transformed Vietnam into a global production hub and established a research and development (R&D) center in Hanoi, which now employs 2,400 personnel and has expanded into high-tech research, including artificial intelligence, according to Nhan Dan (People) newspaper.

Choi emphasized Samsung’s appreciation for Vietnam’s efforts in creating a favorable investment environment and reaffirmed the company’s commitment to supporting the country’s digital transformation.

Na highly appreciated the Vietnamese government’s continued support.

He pledged to build upon the company’s achievements and strive for even greater success in the coming years.

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